Last update: Friday, 29 March 2024
Court of Accounts of the Republic of Moldova
RO RU EN

Press

Home | Press | News

International exchange of experience in the field of certification of financial auditors

  • 16.05.2022
  • 726

The implementation of the certification process of financial auditors will contribute to increasing the quality of audit activity and will boost the specialization of auditors of the Court of Accounts of the Republic of Moldova (CoARM) by type of audit, in order to achieve the provisions of art.49 of the EU-Moldova Association Agreement.

In this context, on 11-12 May, a CoARM’s delegation visited the Swedish Audit Office (SNAO) to exchange experience and good practices in implementing the certification process in a trilateral meeting. The visit was undertaken within the Institutional Development Project, implemented with the support of SNAO, the delegation of the Court of Accounts being led by CoARM’s Members, Andrei Munteanu, project manager and Petru Rotaru, leader of component 1: Certification of financial auditors.

The event brought together representatives from three supreme audit institutions - Sweden, Latvia and Moldova, which have implemented and are implementing certification processes for public auditors. During the event, the certification systems implemented by the SAIs from the three countries were discussed, compared and analyzed, as well as the problems and challenges that were encountered in the certification implementation process.

We mention that, the CoARM in cooperation with SNAO, elaborated a draft of the normative framework related to the certification of financial auditors, which is the second stage of certification, implemented within the Court of Accounts. The CoARM has also developed the concept of a general training program for financial auditors, who will be offered the opportunity to obtain certification. To inspire the CoARM with additional ideas and perspectives, SNAO initiated the trilateral meeting to share experience in this field.

During the visit, there were also meetings and discussions related to other components of the cooperation project between the CoARM and SNAO, in particular on component 2: Management and leadership. The Swedish experts and the representatives of the Court of Accounts discussed the concept of the management and leadership training program, developed by the CoARM, as well as the next steps in developing the training modules and ensuring all the prerequisites for their launch.

We note that the Swedish National Audit Office and the Court of Accounts of the Republic of Moldova have been cooperating since 2007. Currently, the fifth phase 2021-2022 covers several areas, including the certification of financial auditors.

reset WAY cursor WAY contrast WAY Marire Font WAY Alb negru WAY Linkuri WAY